Direct Line Receives Average Recommendation of “Hold” from Brokerages (LON:DLG)
Shares of Direct Line (LON:DLG) have been given a consensus rating of “Hold” by the nineteen ratings firms that are currently covering the company, Stock Ratings Network reports. Four research analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and eight have given a buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is GBX 240.79 ($3.95).
A number of analysts have recently weighed in on DLG shares. Analysts at Canaccord Genuity reiterated a “buy” rating on shares of Direct Line in a research note on Friday, January 31st. They now have a GBX 275 ($4.51) price target on the stock. Separately, analysts at Numis Securities Ltd downgraded shares of Direct Line to an “add” rating in a research note on Wednesday, January 22nd. They now have a GBX 300 ($4.92) price target on the stock, up previously from GBX 265 ($4.35). Finally, analysts at HSBC reiterated a “neutral” rating on shares of Direct Line in a research note on Tuesday, January 21st. They now have a GBX 260 ($4.27) price target on the stock.
Shares of Direct Line (LON:DLG) traded up 0.47% on Friday, hitting GBX 258.50. The stock had a trading volume of 1,411,467 shares. Direct Line has a 52-week low of GBX 194.69 and a 52-week high of GBX 269.00. The stock’s 50-day moving average is GBX 256.2 and its 200-day moving average is GBX 231.1.
Direct Line Insurance Group plc, formerly RBS Insurance Group Limited, is a retail general insurer with operations in the United Kingdom, Italy and Germany.
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